Hi people,

I've just finished reading this thread from early noon. I must say, reading is indeed fundamental. And I'd like to share my gratitude to the people who shared so much in this thread.

Just to reinforce my knowledge of Insurance terminology;

1. Loading: The insurance company can increase higher premium on clients who declare on certain illnesses. Is that right?

2. Deductible: E.g. 10K deductible, I will have to pay the first 10k regardless if my main card or my own pocket pays for it in order to claim, rite?

3. Guaranteed renewal: If I make my first claim, I shall be able to renew my policy as a new policy by adding premium? Because I will no longer qualify to apply for policies from another company due to my illness?

4. Btw the AXA + TM sounds like a concrete strategy but what are your plans after hitting 80, AXA + TM, how much would it cost on a monthly basis? for 27 y.o male, social smoker (*I stopped for 5 years but recently started smoking on a non regular basis)

5. According to importance ranking, should it be: Medical care > 36 CI > Life

6. Noob here, my first time dealing with Insurance. Life insurance, upon ending of the policy, the premium will be fully refunded, is this right? However for Medical and CI, it will be burnt money?


Thanks

This post has been edited by NekoRacing: Oct 3 2010, 03:19 AM

Hi PJusa,

1. Do you know where I can get the pricing table for AXA's SmartCare Optimum? I've only managed to download the basic information.

2. My budget is up to RM200 per month, is this enough to take AXA + TM, both maximum plan?

3. Let's say if I go direct, can I go direct for on both companies or just AXA? In the event something happens to me, an insured without an agent, would that complicate things when it comes to claiming?

4. What PA would you recommend, and what are you personally taking?

5. So what category does AXA and TM belong to? *Life or General

6. How reliable is AXA and TM when compared to GE and ING? How come so big a difference in the premium.

Sry for so many questions, I'm in my mid 20s, I can't believe I am missing out on so many things. Btw I am doing my study just like you to find out the best deal for the widest coverage, if I come across any of the companies on your list, I'll be sure to send the plans to you.

Thanks again!

Hi PJusa,

Thanks for the reply, and I really appreciate the feedback. What got me interested in insurance lately is because I've had abdominal pain, so it got me thinking.

This morning I went for ultrasound, apparently the doctor scanned some sort of 5mm (suspected to be stone) in the tube near to the bladder. The ultrasound doctor kept a report, and wrote everything was fine within my system, however there is a suspected stone near to the bladder.

1. Does this mean I am no longer eligible for Insurance? is there a cooling off period, e.g. I wait for 3 months, then apply?

2. TDMC hospital doctor said that their reports are not computerised however insurance companies can check our files by doing so manually. So when I apply for the medical coverage, what is going to happen?

Lol, sorry for bombarding you with questions. However I really respect what you know of Insurance, even some agents don't know even know what they are talking about.

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Added on October 4, 2010, 4:36 pmx11r6,

Are you planning to do walk-in to get the discount? Which plan are you opting for?



This post has been edited by NekoRacing: Oct 4 2010, 04:36 PM

Veda,

Thanks for the input. Basically, the doctor say it is only suspected stone. So let's say if I go for further tests. And I can prove that there is no stone. So what is the verdict?

In that case, I'll probably go for an IUV test when I get back from my vacation, and try to get a black and white letter from the doctor, assuming the tests shows no stones.

If there are stones, then I have no choice but to sign up for the insurance exclusion for bladder stones.

Better to be safe than sorry rite? Because any other type of illnesses might strike.



This post has been edited by NekoRacing: Oct 4 2010, 11:31 PM